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SDAIA Sign Global Strategic Agreements in AI Solutions

Attendees at the Artificial Intelligence Summit review the showcased technologies (Ali al-Dhaheri)
Attendees at the Artificial Intelligence Summit review the showcased technologies (Ali al-Dhaheri)
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SDAIA Sign Global Strategic Agreements in AI Solutions

Attendees at the Artificial Intelligence Summit review the showcased technologies (Ali al-Dhaheri)
Attendees at the Artificial Intelligence Summit review the showcased technologies (Ali al-Dhaheri)

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed Tuesday several agreements to develop AI solutions locally and globally and accelerate the adoption of this technology in the Circular Carbon Economy.

The Ministry of Energy and SDAIA signed a strategic agreement with IBM to accelerate the adoption of the Circular Carbon Economy.

The announcement was made during the Global AI Summit in Riyadh between September 13 and 15.

The CEO of the National Center for AI, Majid al-Tuwaijri, announced that the agreement would contribute to creating opportunities by addressing critical challenges in the circular carbon economy, petrochemical, and industrial domains.

It will develop innovative solutions in data, and AI and exchange shared experiences and investment opportunities in this vital area to support achieving Vision 2030 goals.

Ministry of Energy's Assistant Minister for Development and Excellence Ahmed al-Zahrani indicated that the agreement would allow IBM to leverage technology expertise like AI.

Zahrani indicated that it would play a key role in promoting the adoption of the Circular Carbon Economy, achieving the goals announced during the Saudi Green Initiative.

The managing partner of IBM Consulting Saudi Arabia, Dina Abo Onoq, stated that managing greenhouse gas emissions is critical to the Kingdom's reaching its objective of net zero.

She announced that IBM would train an AI model to recognize and pinpoint different gas forms through multiple satellites and various imaging technologies.

Moreover, SDAIA, represented by Artificial Intelligence Center for Energy, signed an MoU with Halliburton Company (listed on New York Stock Exchange) to develop artificial intelligence (AI) solutions in oil and gas, locally and globally.

The agreement aims to enhance cooperation between the two entities by taking advantage of its AI cloud solutions in developing exploration and production solutions, as well as its solutions that support sustainability processes in this field to serve the goals of the Saudi energy sector.

Also, at the summit, SDAIA signed an agreement with Siemens Advanta to develop AI solutions for the Saudi energy sector to increase energy efficiency and enhance the integration of renewable energy sources.

Under the agreement, Siemens will work closely with the AI Center for Energy in the Kingdom to develop scalable AI solutions that will help achieve lasting economic, social, and environmental benefits and support the achievement of the country's goals of becoming a leader in AI.

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Egypt Seeking to Boost Africa’s Financial Resources from International Institutions

A woman works at a factory in Accra, Ghana. (World Bank)
A woman works at a factory in Accra, Ghana. (World Bank)
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Egypt Seeking to Boost Africa’s Financial Resources from International Institutions

A woman works at a factory in Accra, Ghana. (World Bank)
A woman works at a factory in Accra, Ghana. (World Bank)

Egyptian Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said her country is currently working to boost the financial space available to African countries from international institutions, with the aim to implement the 2063 Development Agenda.

Speaking during the 2024 African Caucus Meeting in Abuja, Nigeria, the minister stressed the importance of the ongoing discussions between the African Group and the World Bank to bolster joint cooperation with one of the largest multilateral development banks, to overcome the development challenges facing African countries, and push towards achieving the Development Agenda.

The meeting, hosted by the International Monetary Fund and World Bank Group governors, aimed to identify ways to accelerate intra-African trade as a catalyst for sustainable economic growth.

“We are working to expand the financial resources available to African countries from international institutions to support the implementation of the 2063 development agenda,” Al-Mashat told the attendees.

She added that Egypt was seeking to integrate more deeply with its African counterparts, as outlined in its Vision 2030 plan, and to promote intra-South cooperation to share development experiences and best practices.

During the meetings, World Bank officials presented the group’s strategy for regional integration in Africa and discussed the initiative that was launched between the World Bank Group and the African Development Bank in April.

The initiative aims to provide electricity to about 300 million people in Africa by 2030, through a partnership between multilateral development banks and private sector investments.

Participants also discussed the means to activate the African Continental Free Trade Agreement, by unifying payment systems at the continent level, enhancing digital transformation efforts, developing sustainable infrastructure, and adopting effective policies towards digital transformation.

Moreover, talks touched on the means to enable startups’ access to financing from the private sector and facilitate trade and regional integration in Africa.